Ari Page

We really want floating money to use for whatever.

Yeah, and we have many situations where instead of a small business just spending out of their bank account,

which those transactions can't be reversed.

They'll use a business credit card.

And when they're dealing with different vendors that they're unsure about, not only does that free up that cash, that $100,000 coming in, now they have more cash to spend because they're using the credit cards to purchase things with their vendors.

But sometimes...

We end up working together with vendors who are not reputable.

And you can't reverse a transaction directly out of your bank account.

If you pay them by check, if you pay them by cash, if you pay them out of your bank account, you can't reverse that.

But...

you can reverse transactions on a credit card, whether it be a business credit card or a personal credit card.

And so this form of asset protection is huge for small businesses that are interacting with other businesses and contractors that they simply are unsure of.

And certainly after you've interact with that business enough, you can trust them and know.

But there's many times where if you can see that a business doesn't accept credit card, go online and start Googling them and

you'll find out very quickly why they don't accept credit card because they're not a great company.

So companies that offer credit card usually are the ones that stand behind their work and they know that at the end of the day that their customers aren't going to charge back on them.

And that's the key there is for people to use chargeback.

When they're interacting with a business and they've used their business credit card and they purchased something that wasn't as described, you can call the back of the credit card.

You just look in the back of the credit card, call that phone number, and they'll reverse the transaction.

It's called a chargeback.